211 Vernon St
Lagrange, GA 30240
Checkers - LaGrange, GA · Retail Property For Sale
Property Facts
Amenities
- Corner Lot
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
- Wheelchair Accessible
About 211 VERNON ST , LAGRANGE, GA 30240
Favorable Lease Structure - Absolute NNN Lease - No Landlord Responsibilities - 15+ Years Remaining on Base Term - Attractive 15% Rent Escalations Every 5 Years - Average Return of 7.52% Over Life of Lease Desirable Tenant & Operator - Successful Checkers Location Since 1995 - Optimal Convenience Retailer - Checkers is Ranked #32 of Top QSR Brands (QSR Magazine, 2017) - Strong Franchisee with Personal Guarantees - Diversified Operator of Checkers, Popeye’s, Church’s Chicken & Dunkin’ Donuts/Baskin Robbins (51 Units) - Tenant Plans to Invest $200k to Remodel Store by Mid 2019 Fundamental Real Estate & Location - Hard Corner, Signalized Intersection - Ample Lot Size of 0.75 Acres - Multiple Points of Ingress & Egress - Flat Topography - Located within Historic Downtown LaGrange - ADTC of ±14,500 Along Vernon Street Troup County & LaGrange, GA - Area has Been Named “The Growth Corridor of the South” - LaGrange is Home to LaGrange College & West Georgia Technical College (8,300+ Combined Students) - LaGrange is County Seat of Troup County - 3.5 MM People Visit Troup County’s Unique Tourist Attractions Annually - LaGrange is #1 Micropolitan Area in Georgia (Policom Corp, 2018)
Property Taxes
| Parcel Number | 061-4A-021-001 | Improvements Assessment | $190,320 |
| Land Assessment | $240,000 | Total Assessment | $430,320 |
Property Taxes
